While Ethereum has built a strong-ish support in the current area, it currently looks more likely to fall towards the ≈$2180 monthly support #1

Do not underestimate what the new all time highs in gold are telling you

and a week later Ethereum indeed falls sharply towards the monthly support 😄

read up my other posts for more detail - if you're interested in the rationale behind this move

ethereum's price will very likely retrace upwards once it reaches the core monthly support area

the buying pressure there would be immense

the same is true for bitcoin's support

ethereum's resumed downfall towards monthly ≈$2180 support may be resumed in the next hour

this is a 5 minute-candle chart - but contextualize my argument within the greater trend

look at that buy pressure exhaustion 😫

ethereum's about to go back into red (or yellow, in my chart)

okay looks like it started before I could finish typing 😂

and ethereum's downtrend continues on…

towards the monthly support area